Income Protection
JPM Investment Group has access to the entire income protection market within Australia. This ensures that you can access the most appropriate income protection insurance policy for your person situation.
Income protection insurance pays a monthly income stream should you become sick and unable to work. The insurance is structured in the following manner:
1. Monthly benefit - Is a set amount that the insurance company would pay in the event of a successful claim. This amount is normally set at 75% your gross income.
2. Benefit period - This is the term of the payment. This is normally anywhere between 2, 5 or 65 years old.
Income protection insurance may be also tax deductible which can help reduce the cost of this insurance.
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